Close Brothers Group (LON:CBG) Given “Hold” Rating at Peel Hunt

Peel Hunt reissued their hold rating on shares of Close Brothers Group (LON:CBG) in a research report released on Thursday morning, Stock Target Advisor reports.

A number of other research analysts have also weighed in on CBG. Berenberg Bank dropped their price objective on shares of Close Brothers Group from GBX 1,500 ($19.60) to GBX 1,460 ($19.08) and set a hold rating on the stock in a research note on Friday, September 27th. Royal Bank of Canada reaffirmed a sector performer rating and issued a GBX 1,500 ($19.60) price objective (up from GBX 1,450 ($18.95)) on shares of Close Brothers Group in a research note on Thursday, August 29th. Shore Capital reissued a hold rating and set a GBX 1,580 ($20.65) price target (down from GBX 1,610 ($21.04)) on shares of Close Brothers Group in a research report on Tuesday, September 24th. Jefferies Financial Group reissued a hold rating on shares of Close Brothers Group in a research report on Monday, September 16th. Finally, UBS Group reissued a neutral rating and set a GBX 1,435 ($18.75) price target (down from GBX 1,565 ($20.45)) on shares of Close Brothers Group in a research report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 1,515.60 ($19.80).

Shares of Close Brothers Group stock traded up GBX 10 ($0.13) during trading hours on Thursday, reaching GBX 1,436 ($18.76). The company’s stock had a trading volume of 260,915 shares, compared to its average volume of 422,969. Close Brothers Group has a one year low of GBX 1,209 ($15.80) and a one year high of GBX 1,614 ($21.09). The company has a market capitalization of $2.13 billion and a P/E ratio of 10.78. The stock’s fifty day simple moving average is GBX 1,394.40 and its two-hundred day simple moving average is GBX 1,395.20.

The company also recently declared a dividend, which will be paid on Tuesday, November 26th. Investors of record on Thursday, October 10th will be given a dividend of GBX 44 ($0.57) per share. This is a positive change from Close Brothers Group’s previous dividend of $22.00. This represents a dividend yield of 3.25%. The ex-dividend date is Thursday, October 10th. Close Brothers Group’s dividend payout ratio (DPR) is presently 0.50%.

In related news, insider Preben Prebensen sold 149,204 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of GBX 1,264 ($16.52), for a total transaction of £1,885,938.56 ($2,464,312.77). Also, insider Mike Morgan sold 19,710 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of GBX 1,344 ($17.56), for a total transaction of £264,902.40 ($346,141.91). Insiders have sold 168,944 shares of company stock worth $215,122,766 over the last three months.

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

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Analyst Recommendations for Close Brothers Group (LON:CBG)

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